Revealed: Infy's alliance strategy

Rajas Kelkar, TNNApr 23, 2004, 12.08am IST

MUMBAI: Infosys Technologies is open to strategic alliances with hardware manufacturers and software product makers to capture large contracts in the future.

According to Nandan Nilekani, president, CEO and managing director, Infosys Technologies, by setting up a $20 million consulting subsidiary in US , the company has already put in place a strategy to push itself up the technology value chain. The company will grow the number of people in the US consulting arm to 500 over the next two years.

Its business process outsourcing subsidiary, Progeon, is setting up a unit in the Czech Republic to cater to clients in various European languages. Besides this, Infosys is also planning to push its IT services business in markets like China and other Asian countries.

Infosys has given a revenue growth guidance of 31 per cent in dollar terms and 24 per cent in rupee terms for the year 2004-05.

The difference is due to investment costs of $ 2.6 million in China, $ 3.6 million on Infosys Consulting and $ 5 million on the banking product Finnacle.